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What is a deferred income annuity (DIA)?

A Deferred Income Annuity is an annuity whose payments begin at a future date and continue for the rest of the annuity beneficiary's life or for a specified period of time.
Deferred Income Annuity is an annuity whose payments begin at a future date and continue for the rest of the annuity beneficiary's life or for a specified period of time.  The start date for a deferred income annuity's payments can be in two years or thirty years or somewhere in between.  A qualified longevity annuity contract or (QLAC) is very specific kind of deferred income annuity which has special tax attributes. 
Ron Ryan

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Updated on Tue, 12 Mar 2019

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